[Ord. No. 743, § 1, 6-11-1991; Ord. No. 862, § 1, 1-14-2003]
Activity which occurs within the city and which by virtue of Subsection (7) of N.D.C.C. 57-40.2-01 makes the person engaged in the activity a "retailer maintaining a place of business in this state." In addition, it includes the delivery by a retailer of tangible personal goods within the city to the ultimate user thereof by a means other than (i) through the U.S. Mails or (ii) through a common carrier.
A price at which a willing buyer would buy it from a willing seller, each being equally well informed in regard to the condition of the property and of the market for such property.
Property held for sale or rent to others in the ordinary course of business of the person so holding the property.
The buying or renting of an item of tangible personal property.
Is used in the ordinary sense of the word except that it shall be computed net of case discounts (for prompt or early payment) and net of trade-in allowances.
Property including a component which is not intended to be used by itself alone or in its present condition, but rather (i) which is intended to be integrated with other components of raw material, or (ii) which is intended to be processed, in either case so as to be converted into inventory.
In respect to a purchase that the purchaser is the ultimate user of the item purchased. In determining who is the ultimate user the tax administrator shall disregard the possibility or probability that user in time may sell the property as used property or for salvage when his use thereof has terminated.
The city auditor.
The exercise of dominion or control over an item of tangible personal property by the owner thereof or the person in possession thereof, including specifically but not limited to the storage or consumption of the item.